{"id":843093,"date":"2025-04-23T21:12:09","date_gmt":"2025-04-24T02:12:09","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/23\/hong-kong-rated-as-leading-sustainable-business-hub\/"},"modified":"2025-04-23T21:12:09","modified_gmt":"2025-04-24T02:12:09","slug":"hong-kong-rated-as-leading-sustainable-business-hub","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/23\/hong-kong-rated-as-leading-sustainable-business-hub\/","title":{"rendered":"Hong Kong rated as leading sustainable business hub"},"content":{"rendered":"
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HONG KONG, Feb 24, 2025 – (ACN Newswire) –\u00a0<\/strong><\/strong>Hong Kong has been globally recognised as taking a lead in sustainable business development. This is the key finding from the preliminary edition of the HKTDC ESG Index<\/strong>,\u00a0an important new metric introduced by the Hong Kong Trade Development Council (HKTDC) with the aim of ensuring local, Mainland China and global enterprises have an in-depth understanding of the city\u2019s strengths as an ESG (environmental, social and governance) business hub.<\/p>\n

The index is based on an analysis of how businesses perceive Hong Kong\u2019s strengths across the three established ESG criteria: environmental, social and governance. The initial research factored in the views of more than 1,200 businesses through surveys conducted by the HKTDC at many of its most high-profile trade fairs and related business events in 2024.<\/p>\n

Explaining the rationale behind the launch of the new index and its ongoing significance for Hong Kong,\u00a0Irina Fan<\/strong>, Director of HKTDC Research, said: \u201cThis new metric has been devised to help domestic and global businesses gauge the efficacy of Hong Kong as a platform for sourcing ESG-related products and services, as well as identifying more ESG-responsible counterparts. We believe the index will significantly contribute to the overall understanding of the business world\u2019s prioritisation of sustainable operational models and the real and lasting contribution Hong Kong is making to this shift at a global, regional and local level.\u201d<\/p>\n

Overall, Hong Kong scored highly in the index across all three criteria, receiving an aggregated total of 64.3 points. This figure is well above the neutral watershed point of 50 and indicates the city\u2019s status as an effective and highly regarded global ESG business hub.<\/p>\n

Hong Kong rates highly across all criteria as an ESG hub<\/strong><\/p>\n

This high score was reflected in the marks accorded to each criterion \u2013 Environmental (63,8), Social (65.0), and Governance (64.7). Across these categories, respondents from the three designated geographical regions all had distinct individual preferences and their own specific reasons for awarding the city such high marks.<\/p>\n

In the case of Hong Kong\u2019s\u00a0Environmental\u00a0<\/strong>credentials, respondents from the mainland (68.6) saw Hong Kong\u2019s strengths as lying primarily in its provision of green and sustainable investment opportunities. International enterprises (67.2), meanwhile, had a particularly high regard for the availability and diversity of green and sustainable solutions, while local businesses rated the quality and innovation of the city\u2019s portfolio of green and sustainable products and services most highly.<\/p>\n

Regarding the\u00a0Social Sub-Index<\/strong>, it was Hong Kong\u2019s ESG-related expertise and talents that most impressed mainland survey respondents, followed by the city\u2019s success in promoting cross-border ESG knowledge exchange. International and Hong Kong-based respondents highly rated the engagement of local businesses in community development and social welfare programmes, as well as the ability to find socially responsible business partners.<\/p>\n

For the\u00a0Governance Sub-Index<\/strong>, Hong Kong\u2019s proficiency in facilitating effective ESG-oriented international collaborations, particularly with regard to international standard-setting and the provision of market access, was highly valued by all participants regardless of location. Mainland respondents also singled out the effectiveness of Hong Kong\u2019s ESG reporting frameworks and regulations.<\/p>\n

Commercial advantages of ESG engagement<\/strong><\/p>\n

In addition to its core focus on the views of buyers and vendors regarding the efficacy of Hong Kong as an ESG hub, the research also set out to provide insights into other developmental aspects of ESG-related business. Among the key findings here were:<\/p>\n

All buyers currently sourcing ESG-related products or services indicated they were willing to pay a higher premium for such products or services. Some 68% of them were willing to pay a premium of at least 10% to secure such items. This is largely because prioritising ESG-friendly solutions is seen as likely to enhance a company\u2019s brand reputation and corporate image while ensuring compliance with all relevant regulatory requirements and risk-management protocols.All vendors currently providing ESG-related products or services maintained they earned additional profit margins from such products or services. Approximately 72% of them reported that the additional profit margins delivered by such activities were 10% or higher than those related to comparable non-ESG-compliant products and services. In addition, by meeting market demand for ESG-related products and services, such vendors also saw themselves as positively differentiated from their competitors and, consequently, gaining a commercial advantage.Nearly 90% of respondents see ESG considerations as an integral element of their overall business decision-making process, underscoring the general acceptance of the importance of such principles.<\/p>\n

Methodology<\/strong><\/p>\n

The provisional findings of this initial edition of the\u00a0HKTDC ESG Index<\/strong>\u00a0were drawn from a survey of 1,200+ vendors or buyers in attendance at seven HKTDC trade fairs and business events from April to December 2024. The survey will be completed in March and the first full edition of the index will be released thereafter.\u00a0Full details of the methodology used for the survey can be found in the\u00a0Appendix\u00a0to the\u00a0Preliminary Report.<\/p>\n

Photo download: <\/strong>https:\/\/bit.ly\/4hbnJbj<\/a><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
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(from left) HKTDC Director of Research\u00a0Irina Fan<\/strong>, Principal Economist (Global Research Team)\u00a0Alice Tsang<\/strong>, Economist\u00a0Edmund Lo<\/strong>\u00a0and Senior Economist\u00a0Nicholas Fu\u00a0<\/strong>announced the preliminary edition of the\u00a0HKTDC ESG Index<\/strong>\u00a0at a press conference today.<\/p>\n<\/td>\n<\/tr>\n

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HKTDC Director of Research\u00a0Irina Fan<\/strong><\/p>\n<\/td>\n<\/tr>\n

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HKTDC Principal Economist (Global Research Team)\u00a0Alice Tsang<\/strong><\/p>\n<\/td>\n<\/tr>\n

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HKTDC Senior Economist\u00a0Nicholas Fu<\/strong><\/p>\n<\/td>\n<\/tr>\n

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HKTDC Economist\u00a0Edmund Lo<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Media enquiries<\/strong><\/p>\n

Please contact the HKTDC\u2019s Communication and Public Affairs Department:<\/p>\n

Jane Cheung Tel: (852) 2584 4137 Email: jane.mh.cheung.hktdc.org
Johnny Tsui Tel: (852) 2584 4395 Email: jo************<\/span>@***<\/span>dc.org<\/span><\/a><\/p>\n

About HKTDC<\/strong><\/p>\n

The\u00a0Hong Kong Trade Development Council (HKTDC)<\/a>\u00a0is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With over 50\u00a0offices<\/a>\u00a0globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises\u00a0international exhibitions<\/a>,\u00a0conferences<\/a>\u00a0and\u00a0business missions<\/a>\u00a0to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via\u00a0research reports<\/a>\u00a0and\u00a0digital news channels<\/a>. For more information, please visit:\u00a0www.hktdc.com\/aboutus<\/a>.\u00a0<\/p>\n


\n\t\tTopic:\u00a0Press release summary<\/i><\/p>\n

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Source: HKTDC<\/a> <\/i><\/p>\n

Sectors:\u00a0Trade Shows, Environment, ESG, Daily News<\/i><\/p>\n

http:\/\/www.acnnewswire.com<\/a><\/i>
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From the Asia Corporate News Network<\/i>
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Copyright \u00a9 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.<\/i><\/p>\n

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Yuri Schewe
Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HONG KONG, Feb 24, 2025 – (ACN Newswire) –\u00a0 Hong Kong has been globally recognised as taking a lead in sustainable business development. This is the key finding from the preliminary edition of the HKTDC ESG Index,\u00a0an important new metric introduced by the Hong Kong Trade Development Council (HKTDC) with the aim of ensuring local<\/p>\n","protected":false},"author":1,"featured_media":843094,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[311,64893],"tags":[6609,18068],"class_list":{"0":"post-843093","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-leading","8":"category-rated","9":"tag-leading","10":"tag-rated"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/843093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=843093"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/843093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/843094"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=843093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=843093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=843093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}